The Pulse (09-13-16)

Volume 5, Issue 37

The Pulse Archive

 

Credit union professionals learn, engage at MnCUN Fall Leadership Conference

Last weekend, the Minnesota Credit Union Network held attend its annual Fall Leadership Conference. Hosting more than 200 credit union professionals and volunteers, this event featured industry experts providing insight and relevant information on top credit union issues. 

Session topics included the following: 

 

  • Tips for Terrific Talking
  • The New Brand of Volunteer: Your Credit Union’s Vision in Service & Action
  • Trumpeting Your To-Do List
  • Think Big, Act Small – Succeeding as an Entrepreneurial Credit Union
  • The Economy & Credit Union Performance
  • Bringing an Irreverent and Bipartisan Look at Minnesota and National Politics

 

Fall Leadership Conference also featured an exhibit hall with representatives showcasing 22 vendors that serve Minnesota credit unions.

With questions about the 2016 Fall Leadership Conference, please contact MnCUN Vice President & General Counsel John Wendland by email or at (651) 288-5519.

 


 

    

House Financial Committee to Discuss Financial CHOICE Act

Reminder - Encourage Your Members to Join GREAT



 

 

FinCEN releases advisory on e-mail compromise fraud schemes, fraudulent wire transfers

NCUA releases Board Agenda

NCUA issues Letter to Credit Unions: Voluntary diversity and inclusion

Upcoming compliance dates


View all Regulatory Compliance news stories



         

Standard & Poor’s Issues Strong Financial Ratings for CUNA Mutual Group

Standard & Poor’s Ratings Services (S&P) has assigned initial insurance financial strength ratings of ‘A’ to CMFG Life Insurance Company, MEMBERS Life Insurance Company, and CUMIS Insurance Society, Inc.  In addition, S&P has assigned an initial issuer credit rating of ‘BBB’ to CUNA Mutual Financial Group, Inc., the intermediate holding company within the group.  The outlook for all ratings is stable.

The ‘A’ insurance financial strength rating ranks sixth highest out of 21 ratings by S&P and reflects CUNA Mutual Group’s position as a leading provider in the U.S. of insurance and financial services to credit unions, their employees, and members. 2016 marks the first time CUNA Mutual Group has been rated by S&P.

“CUNA Mutual Group exists for its policyholders, and we strongly believe in honoring our commitment to them,” said Robert N. Trunzo, president and CEO.  “Maintaining our financial strength enables us to develop long-term plans and investments that will serve our customers for generations to come.”

In issuing the ratings, S&P stated CUNA Mutual Group’s entities “reflect both strong business and financial risk profiles, built on very strong capitalization and moderate risk position.”  In addition, S&P noted the ratings reflect a solid market position in the U.S. credit union market and strong financial performance.

“Our financial results are strong, and we are growing and well capitalized for the future,” said Thomas J. Merfeld, executive vice president and chief financial officer. “We remain focused on offering products and services hardworking Americans need to build a strong financial future.”

To learn more about CUNA Mutual Group and the products and services it has to offer your credit union and its members, contact MnCUN Director of Business Development Kris Jacobsen by email or at (651) 288-5515.

 

Minnesota Credit Union Network
555 Wabasha Street N, Suite 200
St. Paul, MN 55102

(651) 288-5170
(800) 477-1034